For Industrial Systems,the Desired Amount of Time for the Robot

question 13

Multiple Choice

For industrial systems,the desired amount of time for the robot to pay for itself is in ______.

• A) two years or less
• B) 36 months or less
• C) five years or less
• D) six months or less

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Definitions:

Fixed Expenses

Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, and insurance premiums.

Cost-Plus Methods

Methods of price setting determined by the cost amount per unit plus a markup based on the desired profit per unit.

Selling Price

The amount of money for which a product or service is sold to customers.

Markup

The amount added to the cost price of goods to cover overhead and profit, determining the selling price.